^Competitive Bridging loans - Apply Now

Open bridging loans offer businesses flexibility with interest rates ranging from 0.43% to 1.5% per month and decision times of just 24 to 48 hours. These loans are particularly useful for purchasing unsold property or providing quick capital for unexpected opportunities. The application process involves an initial inquiry, submission of financial documents, and credit checks by the lender, with approval often dependent on asset value. Sector examples include retail businesses securing new shop locations or manufacturing companies making quick purchases of raw materials to capitalise on market opportunities.

Closed bridging loans feature competitive interest rates from 0.39% to 1.25% per month and decision times of 24 to 72 hours, making them ideal for ensuring cash flow for confirmed purchases or sales. The application process is more straightforward due to the predetermined exit strategy, involving initial financial evaluation, viability assessment of the exit strategy, and asset valuation. These loans serve sectors like technology companies bridging until sale of an asset or hospitality businesses covering costs until refurbishment is completed and revenue resumes, providing reliable short-term funding solutions.

Development bridging loans provide specialised financing with interest rates from 0.55% to 1.75% per month and decision times of 48 to 72 hours, designed specifically for financing renovation projects and developing new properties. The application process requires a detailed project plan, budget forecast, and robust exit strategy, with lenders often requiring site visits or contact with project managers. These loans support real estate developers working on new housing units or manufacturing businesses expanding factories and developing new facilities, offering tailored financial solutions for complex development projects.